FERC rejects ComEd’s cancellation of PowerHouse Hillwood data center contract
6 Articles
6 Articles
Zero Hedge
BizTocFERC Rejects ComEd's Cancellation Of $20 Billion Data Center Contract
FERC Rejects ComEd's Cancellation Of $20 Billion Data Center Contract By Ethan Howland of UtilityDive The Federal Energy Regulatory Commission on Tuesday rejected Commonwealth Edison’s “notice of cancellation” of a transmission security agreement, or TSA, for a 1.8-GW, $20-billion data center PowerHouse Hillwood Holding is developing in Joliet, Illinois. In part, the contract dispute centers on the TSA’s credit support requirements. PowerHouse H…
FERC rejected ComEd's notice to cancel a transmission agreement associated with a projected 1.8 GW data center in Illinois, but did not interpret the contractual terms in dispute and let a federal court examine the disagreement over a letter of credit of just $1. The case also revived the debate on how to protect taxpayers when large projects require connection to the power grid.
FERC Blocks ComEd's Cancellation of $20B, 1.8 GW Joliet Data Center TSA
FERC ruled September 22 that Commonwealth Edison cannot cancel its transmission security agreement with PowerHouse Hillwood, keeping alive a 1.8 GW, $20 billion data center campus in Joliet, Illinois. The dispute hinges on a $1 letter of credit and lands next in federal court.
Illinois' $20bn PowerHouse Hillwood Data Center Power Deal in Play as FERC Rejects ComeEd’s Notice
PowerHouse Hillwood data center in Joliet, Illinois, has retained its transmission agreement after FERC rejected ComEd’s cancellation notice. The 1.8GW data center carries an estimated $20 billion investment and spans about 795 acres. PowerHouse Hillwood Holding plans 24 principal data center buildings across four development phases. The decision preserves the transmission security agreement while a […]
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